NetSol Technologies (NASDAQ:NTWK) Coverage Initiated at StockNews.com

StockNews.com initiated coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a research report report published on Saturday. The firm issued a buy rating on the software maker’s stock.

NetSol Technologies Stock Down 0.4 %

NTWK opened at $2.50 on Friday. The firm has a market cap of $29.18 million, a P/E ratio of -35.71 and a beta of 1.07. NetSol Technologies has a 52 week low of $2.28 and a 52 week high of $3.34. The business has a fifty day simple moving average of $2.63 and a 200-day simple moving average of $2.76.

NetSol Technologies (NASDAQ:NTWK) last released its earnings results on Thursday, February 13th. The software maker reported ($0.10) earnings per share for the quarter. The firm had revenue of $15.54 million during the quarter. NetSol Technologies had a negative net margin of 1.34% and a negative return on equity of 2.11%.

Hedge Funds Weigh In On NetSol Technologies

Several institutional investors have recently modified their holdings of NTWK. Topline Capital Management LLC acquired a new stake in shares of NetSol Technologies in the fourth quarter valued at $1,351,000. Perritt Capital Management Inc raised its position in NetSol Technologies by 142.3% in the 4th quarter. Perritt Capital Management Inc now owns 50,000 shares of the software maker’s stock valued at $131,000 after purchasing an additional 29,361 shares in the last quarter. Wolverine Trading LLC boosted its stake in shares of NetSol Technologies by 184.8% in the 4th quarter. Wolverine Trading LLC now owns 12,883 shares of the software maker’s stock valued at $36,000 after buying an additional 28,083 shares during the period. Squarepoint Ops LLC purchased a new position in shares of NetSol Technologies in the 4th quarter valued at about $28,000. Finally, Geode Capital Management LLC increased its stake in shares of NetSol Technologies by 7.6% during the third quarter. Geode Capital Management LLC now owns 83,386 shares of the software maker’s stock worth $238,000 after buying an additional 5,882 shares during the period. Institutional investors and hedge funds own 16.02% of the company’s stock.

NetSol Technologies Company Profile

NetSol Technologies, Inc designs, develops, markets, and exports enterprise software solutions to the automobile financing and leasing, banking, and financial services industries worldwide. The company offers NFS Ascent, a suite of financial applications for businesses in the finance and leasing industry.